Understand what the lab is testing before you open the topic cards.
LAB AREA
Suitability Lab
Practice matching products, actions, accounts, and strategies to the user's full context.
HOW TO USE THIS LAB
Start here, then move through the topic sequence.
Open each topic in order, read the structure, and complete the ready check.
Use previous and next topic controls to move through the lab without losing context.
Return to the lab overview to check what is complete and what still needs work.
LAB MASTERY
What this lab should prove
Compare client facts, product behavior, costs, risks, alternatives, and documentation before approving fit.
Move from known facts through objective, capacity, tolerance, time horizon, liquidity, concentration, costs, alternatives, and review.
SUITABILITY SYSTEM
Suitability decision table
Open a topic, complete the quiz, then continue to the next topic in sequence.
Known Facts
Gather the facts needed before judging whether something fits.
Investment ObjectiveConnect the goal to the possible action or product.
Risk CapacityMeasure what the client can afford to lose or hold through.
Risk ToleranceUnderstand the client’s comfort with uncertainty and drawdowns.
Time HorizonCheck whether the action fits the expected holding period.
LiquidityReview whether the client needs access to money.
ConcentrationCheck whether the decision creates too much exposure in one place.
CostsInclude fees, spreads, commissions, surrender charges, and opportunity costs.
AlternativesCompare whether simpler or lower-risk choices may fit better.
Suitability ReviewPractice explaining why something does or does not fit.
PRACTICE FRAME
Use the same habit on every topic
Explain the topic in plain English before choosing an answer.
Link the concept to the client, product, market, account, order, or review context.
Choose the cleanest action, pause point, control, or escalation path.
Check what was missed, what changed, and whether the decision is supported.
SUITABILITY CHECKLIST
Before you move from suitability to scenarios
Can you compare the action to the client profile?
Can you identify mismatch, missing facts, or concentration risk?
Can you explain whether alternatives were considered?
Can you document why the action fits or should stop?
Correct Trade Simulator is an educational training environment. It does not provide investment advice, trade execution, custody, fiduciary services, or personalized recommendations.